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| 1. | The initial rental payment for the Leased Premises during the Lease Term will be NIS 72,341 per month. |
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| 3. | The foregoing rental amounts (the “Basic Rent”) will be linked to the Israeli Consumer Price Index. In addition, for each additional lease period as provided above, the Basic Rent will be increased by a rate of 5% of the rental payment that was paid in the last month of the lease period that preceded it. |
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| 3. | The Lessor will, by means of a management company, be providing management services for the building for a monthly fee that will not, during the Lease Term, exceed NIS 15 per square meter of gross area of the Leased Premises. |
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| Taxes, Fees and Utilities |
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| 1. | The Lessee agrees to maintain insurance for the Leased Premises of the following types: extended fire risk; consequential loss that may be caused to the Lessee by damage to the structure of the Leased Premises and/or their contents and/or the building, including its facilities, resulting from extended fire risks; third party liability; and employers’ liability. |
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| 2. | The Lessee will be liable for loss, injury, expense or damage (collectively, “Damages”) of any type caused to the Lessor or third parties due to the acts or omissions of the Lessee in connection with the Leased Premises or the use of the common and public areas of the building. The Lessee will indemnify the Lessor for any such Damages. |
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| 3. | The Lessor agrees to maintain insurance of the following types: extended fire risks for the building and loss of rent or management expenses that may be caused to the Lessor as a result of damage caused to the Leased Premises or because of demolition of the Leased Premises due to extended fire risks. |
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| Termination of the Lease Agreement |
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| 1. | The Lessee commits a fundamental breach of the Lease Agreement and does not cure such breach within 14 days after delivery of the Lessor’s first notice (and in the event of a repeated breach within seven days after delivery of the Lessor’s first notice). The Lessor may in such event terminate the Lease Agreement with advance written notice of seven days. |
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| 3. | The Lessee commits any other breach of the Lease Agreement and does not cure such breach within 30 days after delivery of the Lessor’s first notice. The Lessor may in such event terminate the Lease Agreement with advance written notice of seven days. |
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| 2. | The Lessee decided on voluntary liquidation or an order of liquidation was entered against the Lessee. |
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| 3. | A petition for liquidation or for appointment of a receiver is filed against the Lessee or a liquidator and/or receiver, whether temporary or permanent, is appointed, when the grounds for such nomination is the inability of the Lessee to pay its debts, and such petition or appointment is not cancelled within 90 days. |
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